Owned by the British Helios Investment Partners, the UAE-based payment services provider TPAY Mobile has acquired Payguru, a Turkish payment platform. “We are proud to have carried out a successful and profitable business within 5 years through organic growth and with no external fund. We are delighted to be joining TPAY Mobile, a leading actor in the region, " CEO of Payguru, Işık Uman,...
Globally regarded as an authoritative publication on the construction industry, the Engineering News-Record (ENR) published a list ranking the top 250 international contractors, nearly one-fifth of them are Turkish. Trade Minister Ruhsar Pekcan disclosed that 44 Turkish contracting firms featured in the 2020 Top 250 International Contractors list compiled by ENR. Turkey ranked 2nd in terms of...
President Recep Tayyip Erdoğan delivered messages of investment, production, export, and a robust Turkey at various events he attended this week. “Our country is continually proving to be a rising investment, production, and trade hub," stated President Erdoğan at the Turkey Economic Council held by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) on November 18. Addressing the...
President Recep Tayyip Erdoğan announced that Turkey's natural gas reserve already discovered in the Black Sea reached 405 billion cubic meters, right after inspecting the drilling vessel Fatih on board on October 17. “On August 21, the good news of the 320 billion cubic meters of natural gas reserves discovery had already been given to our nation. In the wake of the tests, analyses and detailed...
A biopharmaceutical company based in the U.S., Gilead Sciences took a decision to invest in Turkey’s Pharmactive to produce HIV and Hepatitis drugs in Turkey. According to a statement released by Gilead Sciences, the investment is expected to reach TRY 350 million, including the machinery and equipment for local manufacturing, capital increase and transfer of know-how as part of the...
Global Ports Holding Plc (GPH) has signed an agreement with QTerminals for the acquisition of Port Akdeniz in the Antalya province of Turkey. According to a statement released by GPH on October 21, the total value of the transaction is USD 140 million. Port Akdeniz is the largest port in Global Ports Holding's portfolio and the company has the operating rights of the port until...
